Fintech / Regtech

Fintech / Regtech

S. Korea Eyes Two More Internet-Only Banks in 2019

By Manesh Samtani | 24/09/2018

The FSC said it plans to approve two more Internet-only banks next year, a day after a bill passes allowing non-financial firms to boost their ownership stakes in such banks.

Crypto / Digital Assets

Japan FSA Probes $60mn Hack at Crypto Exchange

By Manesh Samtani | 24/09/2018

About two-thirds of the stolen cryptocurrency belonged to customers of the exchange platform Zaif, which will receive a cash infusion from Fisco Digital Asset Group to help repay them.

Fintech / Regtech

South Korea Designates Fintechs as Agents for Financial Institutions

By Manesh Samtani | 21/09/2018

Nine designated fintech firms will be allowed to provide services to customers for up to two years, testing their services as agents of partnering financial institutions.

Fintech / Regtech

Singapore, China Achieve ‘New Milestones in Financial Cooperation’

By Editors | 21/09/2018

Collaboration to focus on strengthening supervision, enhancing connectivity, cooperating on fintech and supporting the Belt and Road initiative.

Fintech / Regtech

MAS, CFTC Sign Fintech Cooperation Arrangement

By Editors | 17/09/2018

Cooperation arrangement focuses on information sharing and facilitating referrals of fintech firms between Singapore and the US.

AML / KYC

South Korea Mulls Machine-Readable Regulation

By Garima Chitkara | 12/09/2018

FSS governor told fintech firms the regulator is considering machine readable regulation and automated data analysis systems to better detect and investigate financial crimes.

Fintech / Regtech

The Use of Regulatory Sandboxes in Europe and Asia

By Claus Christensen | 06/09/2018

Asia presents a unique mix of technological advancements and interconnected economic and regulatory systems, which makes it the perfect environment for rapid business growth for fintech/regtech companies with ambitious goals.

Fintech / Regtech

PBOC Trials Blockchain-based Trade Finance in Shenzhen

By Editors | 05/09/2018

Testing phase of new platform deployed at financial institutions including BOC, CCB, CMB, Ping An and StanChart, in a bid to boost efficiency of trade and financing activities.

Market Infrastructure

ASX Defers CHESS Replacement by Six Months to Ensure Readiness

By Manesh Samtani | 05/09/2018

ASX deferred the earliest go-live date for new DLT-based system to target March-April 2021; will provide additional six months for user development and testing, industry testing and accreditation.